An affiliate of private equity firm CenterGate Capital (CenterGate) has made an investment in Owen Equipment Company (Owen), a specialty equipment platform providing critical infrastructure solutions to municipal, utility and commercial customers throughout the western United States.
Headquartered in Portland, Oregon, Owen is a leading equipment dealer of new and pre-owned critical municipal environmental equipment used for sewer maintenance, hydro/vacuum excavation, street cleaning and waste management applications. Owen serves a municipal, governmental, industrial, and commercial customer base across six western states.
Owen carries the marque brands in the industry including Vactor, HXX, Elgin, Heil, Rigid, Cues, and Sonetics. Owen also performs equipment service and maintenance for its customers at its four branch locations. In addition, Owen maintains one of the industry’s largest rental fleets of sewer maintenance, hydro/vacuum excavation and street cleaning equipment.
President Earl Rose, who originally acquired Owen in 2006, will continue to lead the company and serve on its Board of Directors. “We are excited about our partnership with CenterGate and what it means for our employees, customers and vendors,” says Rose. “CenterGate’s investment will provide us the capital and strategic resources to continue to grow our market presence, capability set and geographic reach.”
Lewis Schoenwetter, Managing Director at CenterGate Capital, adds: “We are excited to partner with Earl and the entire Owen team. The management team has an impressive history of success and a compelling vision for the future. We look forward to helping them execute on that vision. Due to its strategic customer relationships and longstanding partnerships with notable brands in the industry, we believe Owen is uniquely well-positioned to continue to be successful.”
